Posted March, 1 2018H.R. 4296 by Rep. Luetkemeyer (R-Mo.) would change the way banks calculate their operating risks from things like fraud and cyberattacks for the purposes of setting their capital levels.
Rather than relying on historical activities for the calculation, the bill would allow for more forward-looking estimates. Similar language is in Senate bill S 2155 but Luetkemeyer’s language is preferred by larger financial institutions. The Senate bill is expected to pass the Senate next week. Both Chambers will work on crafting a bill that has bipartisan support from H.R. 4296 and S 2155. NACHA expects a banking regulatory relief bill to advance by late summer.